White Pepper Wholesale Price The Most Affordable Country

White pepper is one of the most expensive types in the pepper family and is favored by many people. Although the white pepper wholesale price is high compared to other spices plus the shortage of supply due to the labor-intensive harvesting process, agricultural enterprises are willing to make a trade-off to successfully have the precious commodity in their product category. Thus, investing in white pepper will undoubtedly provide huge profits.

1. Overview about white pepper wholesale price in the world

In general, the wholesale price of white pepper in top exporting countries in the world tends to decrease in the last months of 2022.

1.1. Movements of white pepper international market price in the world

The world white pepper market witnessed a decline in demand, which in turn leads to a decline in white pepper prices in most of the world in 2022.

• In most countries in the world, the wholesale price of white pepper tends to drop in current days. In the global wholesale pepper market, by the end of 2022, Vietnam white pepper wholesale price, the largest country pepper export in the world, witnessed a decrease of 7.5% compared to the last month and 21% compared to this early year, to 4900 USD/ton. Similarly, the price of wholesale white pepper in Indonesia reduces by 2.6% compared to the previous month, and by 14.5% compared to this early year, at the level of 6213 USD/tom.
• The price mainly depends on supply – demand. This year the demand for white pepper in other countries decreasing is the main reason for the decrease in the wholesale price of white pepper. Especially when China, one of the world’s largest pepper importers, has significantly reduced imports of white pepper, while new supplies from Vietnam and Indonesia continue to add to the market as these countries expand the cultivation of white pepper. Moreover, the reason why the wholesale price of white pepper fell in most countries was that the US and Europe restricted imports due to the impact of global economic inflation causing prices to rise. In addition, the white pepper wholesale price has dropped continuously in the past few months due to conflicts in Eastern Europe and the spread of the Covid-19 epidemic, which has caused global consumption to decline.

1.2. Prediction of white pepper international market price

Experts predict that the wholesale white pepper price in the world market will continue to decline until the 2023 crop. The evolution of the Covid pandemic is still complicated and unpredictable, the tension between Russia and Ukraine does not come to an end, bringing about global economic inflation ever increasing, and the wholesale pepper continues to be difficult.

2. White pepper wholesale price in the largest exporting countries all over the globe

Now, how about taking a look at Vietnam and Indonesia to see the differences in the wholesale price of white pepper and the reasons why the price of white pepper wholesale experiences a reduction in the current situation.

Country	Price (USD/Ton)
Vietnam	$4,900
Indonesia	$6,213

It is clear from the table that the white pepper wholesale price in Indonesia is extremely more expensive than that in Vietnam. One of the simple reasons for this is that Indonesia has the advantage of producing white pepper, so Indonesia’s white pepper supply is very large and is bought by many other countries. About other reasons, we will analyze them in more detail later.

2.1. Vietnam wholesale white pepper price

The wholesale white pepper price in Vietnam is not the cheapest, but the quality of Vietnamese white pepper is considered to be the best.

• White pepper price for export: According to the latest update until the end of December 2022, the price of exporting white pepper wholesale in Vietnam is about $4,900/ton. This price is about $367.5/ton lower than the previous month, and significantly lower than the export price of pepper in the first months of 2022, which is about $5,929/ton. The main reason for this decrease in white pepper wholesale price is still because the influence of global economic inflation led the Fed to raise interest rates to limit inflation, pushing the dollar up; Since then, countries have restricted the import of pepper. Besides, China, one of the main importing countries of Vietnam’s pepper, still maintains the Zero Covid policy, making a large amount of Vietnamese pepper unable to be exported to this market.
• White pepper price for domestic consumption: Currently, the domestic price of pepper in Vietnam fluctuates around $2,560/ton, increasing or decreasing or staying the same every day.
• It can be seen that the domestic white pepper wholesale price in Vietnam is very volatile in the first half of 2022. The reason is that in January when the covid-19 situation in many countries was under control, the wholesale pepper price for both white pepper and black pepper is rising. But in February, before the Lunar New Year, the demand for domestic pepper decreased, so the wholesale price of white pepper decreased; After the Lunar New Year, demand increases, causing prices to rise again.
• The wholesale white pepper price slowly reduced in the next months, especially in the last months of 2022. In the third quarter of 2022, the domestic price of wholesale white pepper decreased by 8 – 8.5% to $2,710 – $2,810/ton, a low level. since March of last year. Due to import restrictions in the worldwide market, domestic white pepper price does not have to compete with white pepper wholesale price, so they tend to decrease in recent years.

2.2. Wholesale white pepper price in Indonesia

White pepper wholesale price in Indonesia has always remained high. The reason is that Indonesia has the advantage of exporting white pepper. Indonesia supplies to the market the amount of pepper that accounts for 47% of the total pepper exported all over the globe. By the end of 2022, the export price of white pepper in Indonesia is about $6,213/ton, $161,538/ton lower than the previous month and $900,885/ton lower than the price at the beginning of the year.

3. Main factors affect white pepper wholesale price

There are a lot of key factors affecting the wholesale price of white pepper. Analyzing them to understand the reasons why the price of white pepper all over the world has declined recently.

3.1. The law of supply and demand affects the white pepper market price

The economics theory says that the law of supply and demand affects the price of white pepper wholesale. Supply is the number of goods and services that sellers provide in the market, while demand is the need for goods and services by buyers.

• When the supply is insufficient to fulfill the demand both domestically and internationally, white pepper wholesale price will grow. Occasionally, when it’s not harvest time, or due to other reasons like disease or adverse weather that reduces supply, pepper prices rise.
• As there is more demand for pepper in the wholesale market, the price of pepper will rise. The wholesaler will raise the price of pepper because there isn’t enough production to meet demand and still turn a profit. Additionally, there will be a supply if there is a demand. Therefore, many wholesalers even benefit from stockpiling items to increase their earnings.

3.2. Production cost affects the white pepper market price

The amount of money that the producers purchase for raw materials, labor resources, or up-to-date technologies is accounted for in the price of producing peppers. The white pepper wholesale price is impacted by all of these elements. A clear example of this is low Vietnam’s labor cost, making contribution to the country’s low price of pepper.

3.3. Worldwide fluctuations affect the price of white pepper wholesale

The political, economic and social situations in the world are one of the main reasons why the price of white pepper in countries is affected because economic integration makes the exchange and trade of goods in other countries. Interdependence.

• The white pepper wholesale price decreased as China’s housing crisis worsened, and the government’s decision to retain the Zero Covid policy – which limits imports from abroad – followed the Covid-19 epidemic’s emergence as a result of a new variety. As a result, there is a glut of pepper in exporting nations due to the sluggish wholesale pepper market.
• The political downturn in Eastern Europe had an impact on the wholesale price of pepper; this results in high energy prices and inflation; as a result, nations tended to restrict their imports of commodities, which put more pressure on prices.

Check more information about prices of other types of pepper:

Black Pepper Wholesale Price Prediction

White Pepper Per Kg Price

4. Tips to get good deals on white pepper wholesale price

We recommend some tips so that you can get good deals on wholesale white pepper with the most affordable prices and favored by many countries in the world.

• Compare prices in white pepper wholesale countries to make your decision to import from a country with a cheaper white pepper wholesale price. Currently, white pepper price in Vietnam is the cheapest among the largest white pepper exporting countries because Vietnam only focuses on producing and exporting white pepper, so there is a large supply. Behind Vietnam is Vietnam with the second lowest wholesale white pepper price in the world. Although the wholesale price of white pepper in Vietnam is higher than in Vietnam, the quality of Vietnam’s white pepper is guaranteed due to the application of modern technology, so in general, wholesalers still benefit.
• Buy white pepper in large quantities: If the wholesalers import as much white pepper as they can, they can make huge profits. For example, the cost of importing huge quantities of white pepper into the US is only around 6920 USD per ton, but as the white pepper wholesale price is around 46200 USD per ton, the profit is up to six times the cost of importing each ton at about 39280 USD.
• Negotiation: The wholesaler may not be able to sell their white products at the original wholesale white pepper price that they provide, therefore they must reduce it before determining the price that will benefit both parties. Wholesale purchasers must demonstrate to vendors their willingness to purchase big amounts of white pepper; if they can do so at the most competitive wholesale price, they are more likely to work with them in the long run.
• Buying through a trade intermediary: Although purchasing white pepper from a business intermediary will be pricey, buying it at a wholesale price from a commercial intermediary may still be less expensive than doing so yourself. Commercial intermediaries are experts in that field, therefore they have a thorough understanding of the counterparty and are better able to bargain.

5. White pepper wholesale price daily updates

The price of white pepper wholesale by worldwide countries will be updated daily.

Country	Price (USD/ton)
Muntok Indonesia	6463
Vietnam	4750

According to the latest update on January 13, 2023, the white pepper wholesale price is in most countries all over the globe. It can increase slightly, or remain unchanged compared to the last adjustment.